Primary Health Properties Cash Flow Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	119	41.4	27.3	56.3	140.1
Depreciation & Amortization	1	0.9	0.9	-	-
Gain (Loss) on Sale of Assets	-	-	-	-2.9	-0.3
Gain (Loss) on Sale of Investments	-	4.5	4.3	-2.6	-2.7
Asset Writedown	-11	38.4	53	64.4	-110.2
Stock-Based Compensation	-	-	-	-	0.2
Change in Accounts Receivable	-3	-3.4	-7.1	-0.7	-0.3
Change in Accounts Payable	-22	-3.6	3	-12.9	15.9
Other Operating Activities	95	57	52.2	16	97.7
Operating Cash Flow	179	135.2	133.6	117.6	140.4
Operating Cash Flow Growth	32.40%	1.20%	13.61%	-16.24%	18.08%
Acquisition of Real Estate Assets	-53	-20.6	-39.5	-74.8	-129.6
Sale of Real Estate Assets	8	-	-	27.5	0.3
Net Sale / Acq. of Real Estate Assets	-45	-20.6	-39.5	-47.3	-129.3
Cash Acquisition	-420	-	-5.1	-	-17.8
Investment in Marketable & Equity Securities	1	-	-	-	-
Other Investing Activities	-	-	-	1.5	0.7
Investing Cash Flow	-464	-20.6	-44.6	-45.8	-146.4
Long-Term Debt Issued	1,636	306.6	323.6	224.5	335.6
Long-Term Debt Repaid	-1,101	-278.9	-300	-175.7	-252.8
Net Debt Issued (Repaid)	535	27.7	23.6	48.8	82.8
Common Dividends Paid	-117	-92.1	-89.5	-81.6	-74.4
Other Financing Activities	-90	-49.9	-49	-44	-72
Foreign Exchange Rate Adjustments	-	-	-	0.7	-0.6
Net Cash Flow	16	0.3	-25.9	-4.3	-70.2
Cash Interest Paid	-	46.1	45.3	39.8	40.9
Cash Income Tax Paid	-	0.1	0.3	-0.2	0.4
Levered Free Cash Flow	140.48	54.16	50.85	51.08	60.88
Unlevered Free Cash Flow	195.48	84.73	80.23	75.14	84.88
Change in Working Capital	-25	-7	-4.1	-13.6	15.6

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.